Why quality non-US stocks are the 'cream of the crop'
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What are the other companies then, Rich? W- Where do you have your your eyes set on?
So for me personally, I think I think the cream of the crop of the companies that are uh growing the same or better and people are ignoring would be quality stocks outside the United States. Look, let's let's set the stage here for a second. I don't think most people realize that the Euro stocks index is up about 20 something percent this year. Germany is up 30 something percent in US dollar terms versus Nasdaq up 9 to 10. Right? So the backdrop is you've already got a lot of performance going on that nobody cares about, but if you look at non-US quality, their growth rate, their anticipated growth rate is the same in some cases better than the MAG 7. They give you 10 times the dividend yield, basically 0.3 versus three, and they're selling at discounts of 30 to 50%. So Josh, the way I'd like to think about it is, if you could buy a Maserati for the price of a Chevy, wouldn't you do it? I think you probably would, and I think you'd probably ask me for two or three of them. Well, that's basically what's going on as the Maseratis are on sale.
But Rick, you recently contributed to our Yahoo Finance chart book and so too did Steve Sosnick who's sitting next to me and you just hit on essentially exactly what Steve and I talked about during that project. Steve, you highlighted international stocks, right? And you you pointed out that rally. I mean, what do you make of sort of that side of the trade? Is there still more opportunity given the rally that we've seen outside of the US? Is that an area that you'd still be looking for?
I would be, because for the for the reasons uh Rich just said. I mean, there there's a there are a lot of stocks that have been overlooked for years, and certainly you can't one thing you can't say about the the MAG 7 and friends is that they've been overlooked. Everybody everybody who's anywhere, thanks to um just their weights and indexes and FOMO and all these other factors, have been investing in them. So um yes, if you can if you can find these alternatives outside the US or or wherever, well, you know, even in the US, but but generally there's there's more of them outside the US. People have gotten um more tuned to that, um I think, you know, as the as the calendar turned, uh but that trade is not over yet. There there's still there's still plenty of value out there. I'm certainly not going to argue with that.
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